state budget

Romanian Fiscal Council Sees 2019 Budget Deficit at 3.5% of GDP

Romania's Fiscal Council said Monday the country's budget deficit could reach 3.5% of gross domestic product this year, well above the EU limit of 3%, as the state budget is undervalued.

Romanian Government Adopts 2019 Budget, Targets Deficit at 2.55% of GDP

Romania's government on Friday adopted the 2019 state budget, built on an economic growth projection of 5.5%, which critics said is overly optimistic, and targeting a deficit of 2.55% of gross domestic product.

Fiscal Council Says Govt’s 5.5% GDP Growth Projection Is Surprising, Unwarranted

Maintaining an economic growth projection of 5.5% in 2019 especially after the emergency decree 114/2018 introducing new taxes is surprising and unwarranted, Romania's Fiscal Council said in a statement Tuesday.

Romania To Fund EU Projects, Recover EU Money After Check-Ups – PM

Romania will finance EU projects from the state budget and the Government will send the bills to the European Commission to recover the EU funds only after double-checking all the documents, Prime Minister Emil Boc said Thursday.

Monitored Romanian Cos’ Budget Debts Up 34% In 2010, At RON6.86B

The debts to the state budget of the Romanian state-run companies monitored by the International Monetary Fund rose 34% in 2010, at 6.86 billion lei (EUR1=RON4.2609), with the highest debtor remaining hard coal mining company CNH, followed by railway company CFR.

Romanian Parliament Committees Adopt Report On Draft 2011 State Budget

The Romanian Parliament’s budget and finance committees on Sunday adopted with 25 votes in favor and 21 votes against the report on the draft state budget law for 2011.

Romanian Govt OKs 2011 State Budget

Romania’s Government approved the 2011 state budget in a Cabinet meeting late Monday and the bill is to be forwarded to parliament immediately, people close to the matter told MEDIAFAX.

Romanian President Attends Coalition Meeting On State Budget, Parental Leave

Romania’s President Traian Basescu went to the Government’s headquarters Monday morning where ruling coalition members met to discuss the 2011 state budget and what to do about propositions to halve parental leave, people close to the matter told MEDIAFAX.

EXCLUSIVE: Romania Cuts Unemployment Aid 10% For 2011, More Beneficiaries Expected

The average unemployment aid in Romania next year will be 10% lower than this year, of 476 lei (EUR1=RON4.3079) from the current RON523, while unemployment aid for young graduates will be kept at RON300.

Romania’s Pre-’89 Receivables Moved To Budget To Hasten FP Listing

The sums recovered from receivables accumulated by Romania before 1989 in foreign trade activities will be transferred to the state budget, instead of Fondul Proprietatea’s share capital, according to a draft Emergency Ordinance posted on the Finance Ministry’s website.

Romania PM: Single-Chamber Parliament Will Save Millions Of Euros To State Budget Annually

Romanian Prime Minister Emil Boc said Thursday evening on public television that a single–chamber Parliament will save millions of euros to the state budget annually and stressed that all those who oppose the draft law revising the Constitution are actually afraid they might lose their privileges.

Romanian Parliament Holds Plenary Meeting To Adopt State Budget On Jan 11

The Romanian Parliament will hold an extraordinary plenary meeting on January 11 to debate the 2010 state budget, Chamber of Deputies vice-president Ludovic Orban told MEDIAFAX Tuesday.

Romanian Parliament To Set State Budget Adoption Calendar Tuesday

The Romanian Parliament’s standing offices meet Tuesday to set a calendar for the adoption of the 2010 state budget, Senate secretary Gheorghe David told MEDIAFAX Monday.

Romanian Unions Frown On Draft State Budget

Romanian unions are displeased with the draft state budget for 2010, saying it is built on a minimum wage of 600 lei (EUR1=RON4.2047) which will lead to discrimination between the public and private sector.

Romania State Budget Gap Seen Down To RON35B In ‘10 – Bill

Romania’s state budget deficit is envisaged at 6.66% of the gross domestic product in 2010, or 35.02 billion lei (EUR1-RON4.2119), compared with a 7.89% of GDP gap predicted for this year.

Romanian Pre-University Teachers To Get 35% Wage Hike This Year – Sources

Romanian teachers in the pre-university system will get wage increases of 35% in 2009, in two stages, and the measure was included in the 2009 state budget draft, official sources told MEDIAFAX Tuesday.

Questionable Transactions Bring Court Dates For Romanian Football Agents, Managers

Romanian prosecutors with the National Anticorruption Department sent to trial eight people for alleged illegal transactions facilitated by transfers of football players to foreign clubs, causing overall damages of $11.5 million.